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Chery Automobile invests $75 million in KG Mobility to enhance strategic partnership in vehicle development.
PRIVATEAug 04, 2026•5 days ago
Amount Raised
$75 Million
Round Type
Venture - Series Unknown
South KoreaAutomotive
Description
KG Mobility has secured a $75 million strategic investment from Chery Automobile to strengthen their cooperation in vehicle development and future technologies. The two companies will focus on combining their expertise to accelerate new model launches and explore potential collaborations beyond the automotive sector.
Company Information
Company
KG Mobility (formerly SsangYong Motor)
Location
South Korea
About
KG Mobility is a mid-tier South Korean automaker formerly known as SsangYong Motor. The company is seeking collaborative opportunities with Chinese automotive firms to stay competitive, boost revenue, and navigate the transition to electric and hybrid vehicles.
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South KoreaAutomotive